List of U.S States by GDP: The Gross Domestic Product (GDP) of each state shows how strong its economy is. In the United States, different states have different GDPs because of things like population, resources, and industries. California has the highest GDP because it has a big economy with lots of tech, entertainment, and farming. Other big states like Texas, New York, and Florida also have high GDPs because they contribute a lot to the country’s economy.
Even smaller states like Delaware and Wyoming are important for things like finance, energy, and tourism.
In this article, we’ll look at a list of U.S. states and territories by their gross domestic product (GDP). The data comes from the Bureau of Economic Analysis (BEA) in 2022. They measure GDP by adding up the value of everything made and sold in each state.
List of U.S. States by GDP
Here is a list of U.S. states by GDP:
|
State or Federal District |
Nominal GDP at Current Prices 2022 (millions of U.S. dollars) |
Nominal GDP at Current Prices 2023(millions of U.S. dollars) |
Annual GDP Change at Current Prices 2022 (2021–2022) |
Real GDP Growth Rate (2021–2022) |
Nominal GDP per Capita 2022 |
Nominal GDP per Capita 2023 |
% of National 2022 |
% of National 2021 |
|---|---|---|---|---|---|---|---|---|
|
California |
3,598,103 |
3,898,158 |
224,862 |
1.0% |
$92,190 |
$100,038 |
14.69% |
14.49% |
|
Texas |
2,355,960 |
2,596,144 |
304,191 |
5.6% |
$78,456 |
$85,110 |
8.69% |
8.55% |
|
New York |
2,053,180 |
2,168,133 |
151,883 |
5.0% |
$104,344 |
$110,781 |
8.11% |
8.31% |
|
Florida |
1,389,070 |
1,595,347 |
133,482 |
6.9% |
$62,446 |
$70,557 |
5.37% |
5.34% |
|
Illinois |
1,033,310 |
1,092,246 |
87,636 |
5.0% |
$82,126 |
$87,033 |
4.11% |
4.13% |
|
Pennsylvania |
923,089 |
974,558 |
78,593 |
4.4% |
$71,160 |
$75,189 |
3.67% |
3.72% |
|
Ohio |
822,670 |
880,871 |
66, 053 |
4.3% |
$69,978 |
$74,739 |
3.67% |
3.26% |
|
Georgia |
755,698 |
811,294 |
64,071 |
5.8% |
$69,253 |
$73,558 |
2.99% |
3.00% |
|
New Jersey |
745,422 |
806,890 |
62,476 |
4.9% |
$80,490 |
$86,847 |
2.94% |
2.98% |
|
North Carolina |
730,072 |
773,365 |
67,951 |
6.7% |
$68,243 |
$71,373 |
2.87% |
2.84% |
|
Washington |
725,514 |
808,344 |
48,025 |
6.7% |
$93,193 |
$103,462 |
2.92% |
2.91% |
|
Massachusetts |
688,392 |
741,343 |
47,060 |
6.4% |
$98,609 |
$105,884 |
2.79% |
2.81% |
|
Virginia |
649,393 |
712,900 |
44,435 |
4.0% |
$74,789 |
$81,794 |
2.59% |
2.65% |
|
Michigan |
620,696 |
664,452 |
48,490 |
6.2% |
$61,859 |
$66,198 |
2.49% |
2.48% |
|
Colorado |
484,372 |
525,868 |
48,013 |
5.8% |
$82,954 |
$89,469 |
1.85% |
1.84% |
|
Tennessee |
475,755 |
527,938 |
48,630 |
8.6% |
$67,473 |
$74,081 |
1.83% |
1.78% |
|
Arizona |
470,187 |
512,504 |
38,923 |
5.3% |
$76,279 |
$83,565 |
1.92% |
1.98% |
|
Indiana |
455,750 |
501,267 |
42,775 |
6.9% |
$62,365 |
$68,965 |
1.80% |
1.80% |
|
Minnesota |
446,500 |
475,590 |
34,041 |
5.7% |
$66,698 |
$73,047 |
1.84% |
1.81% |
|
Wisconsin |
401,792 |
417,135 |
33,181 |
3.8% |
$78,100 |
$82,885 |
1.80% |
1.80% |
|
Missouri |
389,931 |
425,203 |
31,359 |
4.6% |
$63,126 |
$70,569 |
1.60% |
1.63% |
|
Connecticut |
321,845 |
343,186 |
23,450 |
4.2% |
$88,760 |
$68,623 |
1.30% |
1.59% |
|
Oregon |
299,125 |
319,525 |
26,934 |
5.4% |
$70,548 |
$94,876 |
1.17% |
1.33% |
|
South Carolina |
295,880 |
325,373 |
26,078 |
5.9% |
$56,066 |
$75,477 |
1.18% |
1.17% |
|
Louisiana |
281,429 |
313,334 |
22,858 |
2.4% |
$61,313 |
$60,550 |
1.12% |
1.18% |
|
Alabama |
277,817 |
302,289 |
23,707 |
4.1% |
$54,753 |
$68,507 |
1.08% |
1.13% |
|
Kentucky |
260,304 |
280,449 |
23,122 |
4.7% |
$57,653 |
$59,174 |
1.03% |
1.09% |
|
Utah |
248,176 |
275,048 |
22,836 |
6.7% |
$73,424 |
$61,961 |
0.96% |
1.02% |
|
Oklahoma |
240,534 |
256,974 |
25,198 |
2.2% |
$59,894 |
$80,476 |
0.90% |
0.95% |
|
Iowa |
231,108 |
250,819 |
14,248 |
6.4% |
$72,221 |
$63,390 |
0.96% |
0.91% |
|
Nevada |
215,918 |
241,432 |
21,431 |
3.1% |
$67,962 |
$78,209 |
0.84% |
0.94% |
|
Kansas |
210,670 |
230,388 |
19,289 |
3.8% |
$71,729 |
$75,585 |
0.84% |
0.82% |
|
Arkansas |
165,221 |
176,878 |
16,545 |
5.0% |
$54,259 |
$78,348 |
0.63% |
0.84% |
|
Nebraska |
161,702 |
181,127 |
15,417 |
5.3% |
$82,207 |
$57,657 |
0.66% |
0.63% |
|
District of Columbia |
162,314 |
176,491 |
8,644 |
2.8% |
$242,853 |
$91,553 |
0.67% |
0.64% |
|
Mississippi |
138,740 |
146,725 |
11,432 |
4.4% |
$47,190 |
$259,938 |
0.55% |
0.70% |
|
New Mexico |
122,115 |
131,535 |
12,532 |
2.5% |
$57,792 |
$49,911 |
0.48% |
0.55% |
|
Idaho |
109,546 |
119,810 |
13,263 |
5.8% |
$56,496 |
$62,209 |
0.41% |
0.47% |
|
New Hampshire |
105,414 |
112,065 |
5,741 |
8.5% |
$75,565 |
$60,980 |
0.43% |
0.42% |
|
Hawaii |
98,219 |
108,993 |
7,123 |
4.6% |
$68,207 |
$79,929 |
0.38% |
0.40% |
|
West Virginia |
95,588 |
100,240 |
10,154 |
4.0% |
$53,852 |
$75,946 |
0.30% |
0.37% |
|
Delaware |
87,525 |
94,116 |
6,365 |
3.7% |
$85,977 |
$56,630 |
0.35% |
0.37% |
|
Maine |
84,497 |
91,818 |
6,534 |
5.2% |
$61,008 |
$91,207 |
0.33% |
0.33% |
|
North Dakota |
73,267 |
74,538 |
9,707 |
2.1% |
$94,021 |
$65,785 |
0.28% |
0.26% |
|
Rhode Island |
71,402 |
77,948 |
4,831 |
5.5% |
$65,362 |
$95,082 |
0.29% |
0.29% |
|
South Dakota |
67,571 |
73,005 |
5,886 |
4.9% |
$74,268 |
$71,122 |
0.27% |
0.26% |
|
Montana |
65,015 |
71,088 |
6,315 |
6.7% |
$57,945 |
$79,412 |
0.26% |
0.25% |
|
Alaska |
63,618 |
67,673 |
6,269 |
0.3% |
$86,722 |
$62,753 |
0.24% |
0.24% |
|
Wyoming |
47,433 |
50,743 |
5,923 |
1.1% |
$81,586 |
$92,272 |
0.18% |
0.17% |
|
Vermont |
40,617 |
43,384 |
3,513 |
3.5% |
$62,771 |
$86,880 |
0.16% |
0.16% |
|
United States |
25,462,722 |
27,610,128 |
2,147 |
5.7% |
$75,557 |
$82,439 |
100% |
100% |
List of U.S. territories by GDP
This is a list of U.S. states and territories by gross domestic product (GDP). The data source for the list is the Bureau of Economic Analysis (BEA) in 2022. The BEA defined GDP by state as “the sum of value added from all industries in the state.”
|
Territory |
Nominal GDP at current prices 2022 (millions of U.S. dollars) |
Real GDP growth rate |
Nominal GDP per capita |
Year of reference |
|---|---|---|---|---|
|
Northern Mariana Islands |
$858 |
29.7% |
$17,302 |
2020 |
|
Guam |
$6,123 |
1.1% |
$35,904 |
2021 |
|
American Samoa |
$871 |
1.7% |
$19,673 |
2022 |
|
U.S. Virgin Islands |
$4,444 |
2.9% |
$41,976 |
2021 |
|
Puerto Rico |
$113,434 |
3.4% |
$35,208 |
2022 |
Conclusion
The above information tells us about how much money each state in the U.S. makes and how well its economy is doing. Some states, like California and Texas, make a lot of money, while others, like Vermont and Wyoming, make less. It also shows how much money each person in a state typically has.
In 2022, the U.S. economy grew overall which means the country made more money than before. But some states are doing better than others. It is mportant for leaders to understand these differences and find ways to help everyone have a chance to do well economically.
Related Links
1. GDP of Indian States and Union Territories
2. Gross Domestic Product- History, Tyoes and Estimation
3. GDP Deflator
4. Difference between Nominal GDP and Real GDP
FAQs on List of U.S. States by GDP
What is GDP?
Gross Domestic Product (GDP) is the total value of all goods and services produced within a state’s or country’s borders within a specific period, usually a year.
Why is GDP important?
GDP is an essential measure of economic health and performance. It helps policymakers, economists, and investors understand the size and growth rate of an economy.
Which state of USA has highest GDP?
The state with the highest GDP in the USA is California.
What is the economic capital of USA?
The economic capital of the USA is considered to be New York City.
Which US state has the strongest economy?
California is often considered to have one of the strongest economies among U.S. states.